We reported earlier this week that HTC is still on the ropes after issuing another dismal earnings report. The company's earnings missed analysts' estimates by a long shot, and its profits for the quarter were down 50 percent compared to the same period last year.

Now, we're learning that HTC is bailing on the U.S. tablet market after failing to generate much interest among customers. HTC thought that it could conquer the U.S. market with devices like the 7" Flyer and the LTE-capable 10.1" Jetstream.

"We're watching that market [tablets] very, very closely," said HTCs Jeff Gordon. "It was a great learning experience for us, and they definitely met expectations."

HTC Flyer

"Meeting expectations" and then just exiting the market doesn't quite jive with us, however.

Tablets are becoming a lucrative business for hardware manufacturers, and players like Apple and Amazon have cornered the market. Even Microsoft is looking to get in the game with its own-branded Surface, which runs Windows 8.

HTC, however, is committed to reentering the market once it comes up with a proper business plan (and credible product) to counter Apple's iPad according to Gordon.